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Pepper prices pared gains for the last two consecutive and on Saturday it closed the day at 40840. If prices can hold the support of 40000-39800 levels may showcase a bounce back towards 41400 followed by 42000 levels. On the higher side, any trade above 43500 would continue the upside rally towards 43900 followed by 44700 levels for the day. However, looking downside, prices have to trade consistently below 37000 with sturdy volume to dent our broad bullish expectations and take prices lower.
Jeera futures are likely to fall as the arrivals are anticipated to gain its momentum by mid March. However, a rise in export demand may limit the downtrend in the spice. The long-term trend, however, looks bearish due to expectation of high output in the current year. As per market sources, the total production of jeera in the current year is estimated to be around 35 lakh bags (1 bag = 55 kgs) against 28 lakh bags that were reported in the last year. As of previous trading day, jeera arrivals in Unjha market rose to 20000 bags compared with 18000 bags on arrived last day. As per a trade source, the daily arrivals are expected to be above 25000 bags in the coming week.
Here are some trading strategies for NCDEX Commodities-
| Commodity | Trend | Technical Strategy |
| CARDAMOM April mcx | Down | Any trade below 980 may see a profit booking towards 942 levels for the day |
| JEERA Mar ncdex | Down | While below 13300, a lower correction expect towards 13000 followed by 12900 levels |
| Chilli Mar ncdex | Down | If prices could able to penetrate below 5600 may see a fall towards 5440 followed by 5280 levels. |
| Guar seed Mar ncdex | Up | Bullish view seen towards 25000 in the immediate run. Resistances: 23060/2500 |
| Guar gum Mar ncdex | Up | Bullish view. Resistances: 71730/75000 |
| RMSEED Mar ncdex | Up | While above 3641, expect to see upside towards 3700 followed by 3733/3780 levels for the day. Profit booking may see below 3640 level |
| KAPAS April ncdex | Down | Unable to trade below 830, weakness may see towards 800 followed by 775 levels in the near term. |
| Maize Mar ncdex | Down | As long as prices able to trade below 1165 weakness may continue towards 1125 followed by 1100 level |
| MENTHAOIL Mar mcx | Down | Bullish trend is intact, unable to sustain above 2450 may see profit booking towards 2246. |
| Wheat Mar ncdex | Down | If prices able to trade above 1225, may see a major rally towards 1243 followed by 1260 levels. |
| Chana Mar ncdex | Up | If prices hold the support of 3590 may see upside towards 3670followed by 3700/3745 levels |
